Latest from Nikhilesh De
Bitcoin Drops $9K in an Hour on Spot Market Selling; El Salvador Again Buys the Dip
The leading cryptocurrency is currently trading around $47,960.
US Policymakers Are Still Evaluating Stablecoins
Consumer protections are front and center in questions lawmakers have about stablecoins.
OCC Wants Banks to Seek Permission Before Offering Crypto Services
The letter comes as the OCC gears up for further digital asset regulation alongside other bank regulators.
What’s the SEC Saying About Crypto?
Interpreting statements from SEC officials may really be just like reading tea leaves.
US Regulators Plan to Define Legal Bank Activities Around Crypto in 2022
The interagency sprint team was composed of the OCC, FDIC and Fed.
US Congressmen Introduce Bill to Modify Crypto Tax Provision in Infrastructure Law
U.S. President Joe Biden signed the infrastructure bill into law on Monday.
House Sends Infrastructure Bill With Crypto Tax Provision to US President
The vote passed with bipartisan support on Friday night.
The US Treasury’s Stablecoin Report Would Treat Issuers Like Banks, but Doesn’t Address How
The U.S. government’s stablecoin report is finally out. Bank regulators are having a big day.
Biden Administration to Congress: Put Stablecoins Under Federal Supervision – Or We Will
If U.S. lawmakers don’t act, regulators have the authority to take their own measures, according to the long-awaited report from the President’s Working Group on Financial Markets.
![LEGISLATE, PLEASE: “The current regulatory framework isn’t set up to address some of the new kinds of risks that [stablecoins] could pose,” says Treasury Under Secretary Nellie Liang. (Andrew Harrer/Bloomberg via Getty Images)](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fstaging%2Fa8c4cb4f621ed865d50afefce21ce3dbbf009d39-3000x1999.jpg%3Fauto%3Dformat&w=1080&q=75)
Biden’s ‘Build Back Better’ Act Would Close Crypto Tax Loophole
The provision adds cryptocurrency transactions to constructive sale rules under the tax code.
